**Summary**
Foresight Enterprise VCT plc, managed by Foresight Group LLP, released its final results for the year ended 31 December 2025. Key financial highlights include a Net Asset Value (NAV) Total Return per share of 2.2%, driven by a £9.5 million increase in the investment portfolio value. This growth was attributed to an investment sale and loan repayment totaling £8.9 million, offset by £14.0 million in new and follow-on investments, and a £4.4 million valuation increase. The company made six new investments and 11 follow-on investments, totaling £7.9 million and £6.1 million, respectively. Notable exits included Hospital Services Group Limited, realizing gains of £7.6 million, and special and interim dividends paid, returning £9.8 million and £8.8 million to shareholders, respectively. The company also raised £38.6 million through a share offer in January 2026. Despite global economic challenges, the portfolio performed well, supported by regional diversification. The Board aims to maintain a 5% annual dividend yield, grow NAV Total Return <mark style="background-color:yellow">above</mark> 5%, and continue share buybacks at a 5% discount. The Manager remains focused on sourcing attractive investment opportunities and supporting the portfolio through economic uncertainties.
| Financial Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Net Asset Value (NAV) per share (pence) | 54.5 | 49.8 | -8.26% |
| NAV Total Return per share (%) | N/A | 2.2 | N/A |
| Dividends Paid per share (pence) | N/A | 5.9 | N/A |
| Investment Portfolio Value Increase (£ million) | N/A | 9.5 | N/A |
| New and Follow-on Investments (£ million) | N/A | 14.0 | N/A |
| Cash Proceeds from Exits and Loan Repayments (£ million) | N/A | 8.9 | N/A |
| Total Dividends Paid (£ million) | 35.8 | 18.6 | -48.04% |
| Fundraising Proceeds (£ million) | 28.8 | 38.6 | +34.03% |
| Repurchase of Shares (£ million) | 9.4 | 4.3 | -54.26% |
| Management Fees (£ million) | 5.5 | 3.5 | -36.36% |
| Total Assets (£ million) | 162.8 | 155.6 | -4.42% |
| Cash and Cash Equivalents (£ million) | 50.9 | 34.8 | -31.63% |